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13 COMMUNITIES RECEIVE NEARLY $1 MILLION IN MAIN STREET IOWA CHALLENGE GRANTS

November 8, 2018 (DES MOINES, IOWA) — The Iowa Economic Development Authority (IEDA) today awarded Uptown Marion Main Street a $75,000 grant for the Owen Block. Brooke Prouty represented the Uptown Marion Main Street Organization at the event. Twelve other Main Street Iowa communities also received grants.

“The Main Street Iowa Challenge grants have proven to be catalysts for the revitalization of Iowa’s historic main streets,” said IEDA Director Debi Durham. “These projects demonstrate the ongoing commitment the people of our state have to keeping our downtowns vibrant, which helps attract new visitors, residents and businesses.”

The grants are administered through IEDA’s Iowa Downtown Resource Center and Main Street Iowa programs. The funding will be distributed in the form of matching grants to the selected Main Street programs. The estimated total project cost of these 13 projects is over $8.7 million.

“Each project must provide at least a dollar-for-dollar cash-match,” said Michael Wagler, state coordinator for the Main Street Iowa program. “In total, these projects will actually leverage more than nine times the state’s investment into bricks and mortar rehabilitation that will have a significant economic impact within each district.”

The Challenge Grant program is funded through an appropriation from the Iowa Legislature. Since the first appropriation in 2002, approximately $9.6 million in state and federal funds have leveraged more than $57 million in private investment. Over the life of the program, 165 projects in 53 Main Street Iowa commercial districts across the state have received funding.

Photos of recipients will be available at iowaeconomicdevelopment.com/IDRC/MainStreetIowa after November 13, 2018. For more information about the Main Street Iowa Challenge Grant program, contact Michael Wagler at 515.348.6184 or mainstreet@iowaeda.com.

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2018 Main Street Iowa Bricks and Mortar Challenge Grant Recipients

Community Applicant Project IEDA Grant Amount  Match Amount  Total Project Cost
Ames Ames Cultural District Olde Main Brewing Company  $75,000 $1,025,000  $ 1,100,000
Burlington Downtown Partners, Inc The Collective, 805 Jefferson  $75,000 $100,000  $175,000
Cedar Rapids Czech Village/New Bohemia

Urban Main Street District

Czech Cottage  $60,000  $87,450  $147,450
Corning Main Street Corning Primrose Upper Story  $70,000  $88,000  $158,000
Davenport Hilltop Campus

Village Corporation

Brewed Book – Phase II  $75,000 $180,389  $255,389
Dubuque Dubuque Main Street Ltd. 84 Main Street/Old Main Hotel  $75,000 $129,848  $204,848
Greenfield Greenfield Chamber/Main Street 358 Public Square  $75,000  $87,600  $162,600
Guthrie Center Main Street Guthrie Center Guthrie Activity Center  $70,000 $107,000  $177,000
Le Mars Le Mars Area Chamber of Commerce One Office Solution  $75,000 $340,000  $415,000
Marion Marion Chamber of Commerce DBA Uptown Marion Owen Block  $75,000 $1,847,766  $1,922,766
Mount Vernon Mount Vernon-Lisbon Development Group Bijou Theater Expansion  $75,000 $700,224  $775,224
Newton Newton Main Street 115 West 2nd Street South  $75,000 $267,736  $342,736
Waverly Waverly Chamber of Commerce/Main Street Waverly Palace Theater $75,000 $2,873,000  $2,948,000
     TOTALS: $950,000 $7,834,013  $8,784,013

For more information, contact:

Jacque Matsen, 515.348.6245
communications@iowaeda.com

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